A follower asked for my analysis on this Company - GigaDevice Semiconductor.
It is currently residing at 82.99 price level and we can see it may find support at 77.19 level. Here, it is likely to consolidate for a while before deciding to break out from the bearish trend line and rebound or heads further south towards 58 price level.
No hurry, check the price every week or so and do you own research on its fundamentals.
Here are some recent news for reference -
www.globaltimes.cn/p...202210/1278209.shtml
www.mckinsey.com/ind...ct-heres-whats-in-it
It is currently residing at 82.99 price level and we can see it may find support at 77.19 level. Here, it is likely to consolidate for a while before deciding to break out from the bearish trend line and rebound or heads further south towards 58 price level.
No hurry, check the price every week or so and do you own research on its fundamentals.
Here are some recent news for reference -
www.globaltimes.cn/p...202210/1278209.shtml
www.mckinsey.com/ind...ct-heres-whats-in-it